Daily Market Review: BTC, ETH, CRO, SUI, NEAR

The bulls are in control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.99T as of press time, representing a 2.94% increase over the last 24 hours, while the trading volume dropped by 20.6% over the same period to stand at $165.46B as of press time.

Bitcoin Price Review

Bitcoin, $BTC, has posted gains in today’s session, as seen from the price movements. Looking at an in-depth analysis, we see that the Alligator indicator shows a potential reversal, with the moving averages converging.

On the other hand, we see that the MFI is at 54.80, indicating neutral momentum. Bitcoin traded at $90,800 as of press time, representing a 2.88% increase over the last 24 hours.

4-hour BTC/USD Chart | Source: TradingView

Ethereum Price Review

Ethereum, $ETH, is also among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that ETH is attempting to break out of the Ichimoku Cloud, but still faces resistance.

On the other hand, we see that the AO histogram is turning positive, signaling early bullish momentum. Ethereum traded at $2,258 as of press time, representing a 3.33% increase over the last 24 hours.

4-hour ETH/USD Chart | Source: TradingView

Cronos Price Review

Cronos, $CRO, is among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that CRO is near the upper Bollinger Band, suggesting overbought conditions.

On the other hand, we see that the Volume Oscillator at 30.96% indicates increased buying activity. Cronos traded at $0.09216 as of press time, representing a 18.8% increase over the last 24 hours.

4-hour CRO/USD Chart | Source: TradingView

Sui Price Review

Sui, $SUI, is also among the gainers in today’s session as also seen from the price movements. Looking at an in-depth analysis, we see that SUI is approaching the 100-SMA at $2.98, a crucial resistance level.

On the other hand, we see that the ADX is 18.58, indicating weak trend strength. Sui traded at $2.96 as of press time, representing a 19.25% increase over the last 24 hours.

4-hour SUI/USDT Chart | Source: TradingView

Near Price Review

Near, $NEAR, is also among the gainers in today’s session as also seen from its price movements. Looking at an in-depth analysis, we see that NEAR is above the Supertrend resistance, indicating a potential trend reversal.

On the other hand, the MFI is 62.68, slightly approaching the overbought zone. Near traded at $3.22 as of press time, representing a 13.43% increase over the last 24 hours.

4-hour NEAR/USDT Chart | Source: TradingView

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